L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
41
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 20 listed it in both
Shares listed
49,749,899
combined, among listed positions
Reported value
$5.6bn
combined, at the quarter end

Among the 92 comparable managers: 28 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,740,225.

Managers listing UAL in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

41 of 41 holders

ActionFiling
Fidelity (FMR LLC)16,417,564$1.8bn0.09%Added+1,857,98717 Feb 2026 (the filing on sec.gov)
Capital World Investors7,265,530$812m0.11%Added+22,46411 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC4,401,311$492m0.07%Added+61,95517 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,847,571$430munder 0.1%Trimmed-142,68319 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC2,928,657$326m0.17%Added+1,060,37117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,791,602$200m0.22%Added+1,153,49617 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,726,042$193munder 0.1%Added+1,053,08212 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,419,796$159munder 0.1%Trimmed-12,72217 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,341,548$150m0.21%Added+1,305,74817 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,132,920$127munder 0.1%Added+637,32817 Feb 2026 (the filing on sec.gov)
Millennium Management LLC816,329$91munder 0.1%Added+200,85517 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP811,277$91m0.08%Trimmed-148,76013 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP748,600$84m0.16%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP555,017$62munder 0.1%Trimmed-473,75717 Feb 2026 (the filing on sec.gov)
Glenview Capital Management LLC511,281$57m1.16%Trimmed-70,72817 Feb 2026 (the filing on sec.gov)
Appaloosa LP465,000$52m0.75%Added+2,50017 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC457,972$51m0.23%Added+399,65217 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC430,160$48m0.05%Added+307,78213 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP419,169$47m0.15%Trimmed-6,45413 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC379,065$42m0.15%Added+355,96717 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC342,418$38m0.12%Added+51,35613 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.296,557$33munder 0.1%Added+231,22317 Feb 2026 (the filing on sec.gov)
MFS Investment Management180,316$20munder 0.1%Added+1,98422 Jan 2026 (the filing on sec.gov)
Woodline Partners LP176,308$20m0.08%Added+43,18217 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC172,563$19m0.08%Added+115,58713 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
14 in Q3 2024 to 27 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
UAL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201317$4.5bnn.a.n.a.
Q3 201315$4.4bnn.a.n.a.
Q4 201317$5.6bnn.a.n.a.
Q1 201419$6.0bnn.a.n.a.
Q2 201416$4.7bnn.a.n.a.
Q3 201418$4.6bnn.a.n.a.
Q4 201423$7.1bnn.a.n.a.
Q1 201526$7.5bnn.a.n.a.
Q2 201524$4.7bnn.a.n.a.
Q3 201520$4.5bnn.a.n.a.
Q4 201521$4.2bnn.a.n.a.
Q1 201622$4.1bnn.a.n.a.
Q2 201618$2.1bnn.a.n.a.
Q3 201624$2.8bnn.a.n.a.
Q4 201621$5.1bnn.a.n.a.
Q1 201721$4.6bnn.a.n.a.
Q2 201724$5.5bnn.a.n.a.
Q3 201720$4.3bnn.a.n.a.
Q4 201718$5.5bnn.a.n.a.
Q1 201820$4.9bnn.a.n.a.
Q2 201816$4.2bnn.a.n.a.
Q3 201821$5.9bnn.a.n.a.
Q4 201821$5.6bnn.a.n.a.
Q1 201926$5.0bnn.a.n.a.
Q2 201919$5.2bnn.a.n.a.
Q3 201923$5.9bnn.a.n.a.
Q4 201927$5.6bnn.a.n.a.
Q1 202012$1.5bnn.a.n.a.
Q2 20208$362mn.a.n.a.
Q3 20208$219mn.a.n.a.
Q4 202013$720mn.a.n.a.
Q1 202116$1.6bnn.a.n.a.
Q2 202110$816mn.a.n.a.
Q3 20218$387mn.a.n.a.
Q4 20218$351mn.a.n.a.
Q1 20229$680mn.a.n.a.
Q2 202212$661mn.a.n.a.
Q3 20227$322mn.a.n.a.
Q4 202211$737mn.a.n.a.
Q1 202313$930mn.a.n.a.
Q2 202318$1.8bnn.a.n.a.
Q3 202311$1.3bnn.a.n.a.
Q4 202311$954m67
Q1 202416$1.6bn125
Q2 202415$1.6bn99
Q3 202414$1.7bn86
Q4 202422$3.6bn158
Q1 202518$1.6bn145
Q2 202521$2.4bn139
Q3 202521$4.0bn166
Q4 202530$5.3bn2814
Q1 202624$4.9bn2024
Q2 202627$8.4bn2317

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

UAL and KLAC →UAL and GE →UAL and LRCX →Choose a stock to compare with UAL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own UAL, latest filings →Back to the 13F Explorer →